The stock of Owlet Inc (OWLT) has seen a -6.63% decrease in the past week, with a 0.63% gain in the past month, and a 3.46% flourish in the past quarter. The volatility ratio for the week is 9.54%, and the volatility levels for the past 30 days are at 7.20% for OWLT. The simple moving average for the past 20 days is -7.05% for OWLT’s stock, with a 7.71% simple moving average for the past 200 days.
Is It Worth Investing in Owlet Inc (NYSE: OWLT) Right Now?
The 36-month beta value for OWLT is also noteworthy at 1.53. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OWLT is 8.79M, and at present, short sellers hold a 3.70% of that float. The average trading volume of OWLT on November 15, 2024 was 35.26K shares.
OWLT) stock’s latest price update
The stock of Owlet Inc (NYSE: OWLT) has decreased by -10.47 when compared to last closing price of 5.35.Despite this, the company has seen a loss of -6.63% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that Owlet, Inc. (NYSE:OWLT ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Jay Gentzkow – Vice President of Investor Relations Kurt Workman – CEO & Co-Founder Jonathan Harris – President and Chief Revenue Officer Amanda Twede Crawford – Chief Financial Officer Conference Call Participants Operator Thank you for standing by and good afternoon. Thank you for attending today’s Owlet’s Q3 ’24 Financial Results Conference Call.
Analysts’ Opinion of OWLT
Many brokerage firms have already submitted their reports for OWLT stocks, with BofA Securities repeating the rating for OWLT by listing it as a “Neutral.” The predicted price for OWLT in the upcoming period, according to BofA Securities is $5.50 based on the research report published on October 05, 2021 of the previous year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see OWLT reach a price target of $8.50. The rating they have provided for OWLT stocks is “Buy” according to the report published on September 08th, 2021.
Citigroup gave a rating of “Neutral” to OWLT, setting the target price at $11 in the report published on August 05th of the previous year.
OWLT Trading at 1.73% from the 50-Day Moving Average
After a stumble in the market that brought OWLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.13% of loss for the given period.
Volatility was left at 7.20%, however, over the last 30 days, the volatility rate increased by 9.54%, as shares sank -6.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.62% upper at present.
During the last 5 trading sessions, OWLT fell by -6.63%, which changed the moving average for the period of 200-days by -2.04% in comparison to the 20-day moving average, which settled at $5.15. In addition, Owlet Inc saw -9.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OWLT starting from Workman Kurt, who sale 761 shares at the price of $4.56 back on Jun 17 ’24. After this action, Workman Kurt now owns 206,523 shares of Owlet Inc, valued at $3,470 using the latest closing price.
Scolnick Kathryn R., the Chief Financial Officer of Owlet Inc, sale 197 shares at $4.56 during a trade that took place back on Jun 17 ’24, which means that Scolnick Kathryn R. is holding 85,207 shares at $898 based on the most recent closing price.
Stock Fundamentals for OWLT
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.49 for the gross margin
The net margin for Owlet Inc stands at -0.18. The total capital return value is set at -0.78.
Based on Owlet Inc (OWLT), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -1.07. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 160.0.
Currently, EBITDA for the company is -27.49 million with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The receivables turnover for the company is 4.57for trailing twelve months and the total asset turnover is 1.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In summary, Owlet Inc (OWLT) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
